(SEOUL=NEWSIS) The government will provide maximum support of KRW 300 million (USD 253,100) to the best startups recommended by Korea’s creative economy innovation centers via a commercialization and technology development fund.

The Ministry of Science, ICT and Future Planning (MSIP) announced August 17 that it will run an idea-technology startup program called “Inno 6+” to invest in the best startups discovered by Korea’s 17 creative economy innovation centers nationwide and support their growth.

Inno 6+, conducted by MSIP, includes a “six-month challenge platform” project and a startup growth support project. The program provides mentoring services to startups discovered by the creative economy innovation centers and a “creative economy town” for six months and helps them benefit from a research and business development fund.

For the startup growth support project, the MSIP has selected seven investment management companies, including Mirae Holdings, HYU Technology Holdings Consortium and Korea Science and Technology Holdings.

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